All Forum Posts by: Shawn K Hicks

@Lindsay Diven I certainly will. We typically meet every other Wednesday evening. Since last nights meeting was a little more formal with a guest speaker, the next meeting will be the less formal version where we just meet somewhere such as World of Beer or for our next one we're thinking V Pizza downtown. On the less formal meetings everyone just kind of shares what they're working on and any questions they have. It's great networking. Typically I think most people come away with value. Then every other meeting we try and do like last night where there's a bit of a planned agenda and someone speaks on a topic or topics of interest to members of the group.

I'll definitely give you the heads up on the next one!

@John Fifer likewise John. Since it looks like you've got some experience with Commercial Properties,-you're welcome to take the floor a few minutes and present/share any opportunities, knowledge, experience etc you'd like with the group. It's a friendly laid back atmosphere,-but we almost always come away with something of value from our meetings.

@Roy Gottesdiener at that price for that location you are not overpaying if the property is in at least average condition. If it needs renovations and some big ticket items soon such as HVAC, Roof, electrical updates, and plumbing updates (many of the older homes in that area still have the old galvanized plumbing which lasts around 45/50 years give or take), then for that price you should at least be getting a 3 bedroom home which will rent for more for that price point. The zip code you mentioned is pretty much in a C/D area, but that's also where the best opportunities are right now in Gainesville for both cash flow properties and flips. 

Do you have a property manager lined up? I know a great one if not.

@Roy Gottesdiener

The Gainesville market is pretty diverse. Multi family properties in C & D neighborhoods currently have overall the best returns. Rising rents across the board and section 8 vouchers have risen significantly in the lat two years. 

A & B properties the more likely tenants are students and professionals, but the profits are less if you buy now due to higher purchase price points, taxes, and in many cases association dues.

What’s the dynamics of the deal you have working?

@Jenn Barona @Clay Kallman

Investor meeting is set up for Wednesday January 15th starting at 5:45/6 P.M. It'll likely last until 8 to 8:15ish. There's no obligation to stay the whole time. General presentation will be around an hour then general discussion will follow. Some snacks and refreshments provided as well.

Location 3919 W Newberry Rd Suite 3 Gainesville FL 32607

@Jenn Barona @John Fifer @Jennifer Turner @Andy Nguyen @Christopher Sarmiento @Thomas J. Clifford @Christopher Aubut 

@Roman Porshnev detailed email with contacts in your message box sent!

You're on the right track. I also am pretty confident like the poster from NY mentioned you'll be able to obtain financing. I can put you in touch with some local lenders that will be glad to assist you in that regard. 

@Roman Porshnev

Hi Roman, what listings do you currently have on your itinerary? There will likely be some turnover between now and then as some will be under contract by then,-but I'm sure there'll be other inventory that will pop up in it's place.

Are you most interested in multifamily and single family homes with low or no HOA's where the numbers make sense?

@Clay Kallman @Jenn Barona as of now there will definitely be a meeting January 15th. We are waiting to get a tentative head count before posting the location. It’s going to be a very informative meeting and great networking of course. Will keep you posted!